Examlex
When purchasing works directly with internal customers to anticipate future requirements,such as during new product development or physician councils in a health care setting,purchasing is being reactive.
Price Fixing
An illegal agreement among competitors to fix prices at a certain level rather than allowing them to be determined by free market forces.
Clayton Act
The Clayton Act is a U.S. antitrust law enacted in 1914, aimed at promoting competition and preventing monopolies.
Antitrust Laws
Legislation enforced to prevent monopolies and promote competition among businesses.
Celler-Kefauver Act
A U.S. law passed in 1950 to beef up antitrust regulations by restricting corporate mergers and acquisitions that could lead to decreased competition.
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